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Falcon Dynamics Inc. has the following operating cycle data: • • • Average age of accounts receivable days = 47 Average age of accounts payable = 42 days Average age of inventory = 60 days Assuming a 365-day year, what is the length of Falcon's cash conversion cycle?

Falcon Dynamics Inc. has the following operating cycle data: • • • Average age of accounts receivable days = 47 Average age of accounts payable = 42 days Average age of inventory = 60 days Assuming a 365-day year, what is the length of Falcon's cash conversion cycle?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 10P
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Please provide the correct answer to this financial accounting problem using valid calculations.
Falcon Dynamics Inc. has the following operating cycle data: • • • Average age of accounts receivable days = 47 Average age of accounts payable = 42 days Average age of inventory = 60 days Assuming a 365-day year, what is the length of Falcon's cash conversion cycle?
Transcribed Image Text:Falcon Dynamics Inc. has the following operating cycle data: • • • Average age of accounts receivable days = 47 Average age of accounts payable = 42 days Average age of inventory = 60 days Assuming a 365-day year, what is the length of Falcon's cash conversion cycle?
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